Choices
Ballot Measure
AUTHORIZING THE CITY OF LOVELAND TO IMPOSE AN EXCISE TAX OF 5% ON THE SALE OF RETAIL MARIJUANA AND RETAIL MARIJUANA PRODUCTS WITHIN THE CITY, WITH THE REVENUES FROM SUCH TAX TO BE USED FOR MUNICIPAL PURPOSES
SHALL CITY OF LOVELAND TAXES BE INCREASED $5 MILLION ANNUALLY IN 2025 (THE FIRST FULL FISCAL YEAR) AND BY WHATEVER ADDITIONAL AMOUNTS AS ARE GENERATED ANNUALLY THEREAFTER FROM THE IMPOSITION OF AN EXCISE TAX AT THE RATE OF 5.00% ON THE SALE OF RETAIL MARIJUANA AND RETAIL MARIJUANA PRODUCTS SOLD WITHIN THE CITY, WITH THE TAX REVENUES RECEIVED FROM SUCH TAX TO BE SPENT ON ANY LAWFUL MUNICIPAL PURPOSE; AND SHALL THE CITY BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND ALL REVENUES FROM SUCH TAXES AND THE EARNINGS FROM THE INVESTMENT OF SUCH REVENUE AS A VOTER-APPROVED REVENUE CHANGE UNDER ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW?